Rent Your Home!

It’s about time someone is doing something to let people stay in their homes. And this change is because they have no idea what to do with the homes. Here’s what going to happen, Freddie Mac is going to let the people who fail to pay their mortgages rent the home. If you ask me that’s only going to benefit Freddie Mac. That’s because if someone lives there the home won’t fall into disrepair. Plus their getting something for the home. If you ask me the only people that should benefit from this new policy is renters of the property. Because what’s happening is renters are paying their rent on time but the landlord isn’t paying the mortgage. This new policy is well overdue, but now that it’s in place renters can feel a lot better now. As for the owners, they should be kicked to the curb, whether that’s right or wrong, that’s how it needs to be.

New Stimulus Bill!

It seems that President Barack Obama has decided to put a ban on earmarks for the next stimulus package. He’s trying to get $825 billion dollars passed without adding in one earmark. This economic stimulus bill will be straight forward, no special projects or should I say pet projects will be allowed. Senator John McCain ran his campaign on how he’s never added one earmark his whole time in Congress. What President Obama is doing is a great choice, and I hope it works. Our last stimulus package started out only 5 pages long, until earmarks where added to make Senators and Congressmen get their vote. This is no way to get a bill passed, and anyone that got an earmark should be a shame of themselves. They where taking advantage of a bad situation. So I say great decision Barack, just stick to it.

GMAC Financial Services!

The U.S. Federal Reserve today gave way to letting GMAC Financial Services to become a bank holding company. By making way for this change GMAC Financial Services now can take on deposits and tap into the $700 billion bailout plan. And I’m sure that’s what they’re going to do, tap into the bailout fund. Some people think that if GMAC had to file for bankruptcy protection it would have destroyed GM as well. After all the two need each other to survive. These types of backroom deals by major companies and The Fed make me a little nervous. It seems lately that companies are getting away with all their past bad behavior. They do whatever they want, spend investors money freely and they when things hit the fan they come crying, it makes me sick. Now that we’ve bailout Wall Street and the major players in auto making the only question left to ask is, who’s next? After all the American people have been treated like a cash register. The only thing is, we’re not taking any money in, and we’re handing it out. The last time I checked that’s stealing, right?

I would also like to wish all my vistors a very Merry Christmas!

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